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A service for global professionals
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Monday, January 13, 2025
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Monday, January 13, 2025
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Toronto Stock Exchange-listed Pambili Natural Resources Corporation has expressed optimism regarding its option to acquire the London Wall group of gold mines and claims in Zimbabwe.
Last year, the mining group announced that it had signed a 12-month agreement with Long Strike Investments to acquire 21 gold assets in Gwanda, Matabeleland South Province.
In its latest update, the company, which also owns Golden Valley Mine in Bulawayo, suggested that historical success in the region indicates strong potential for the acquisition.
“If the past is indeed prologue, then Pambili Natural Resources Corporation’s option agreement to acquire the London Wall group of gold mines and claims in Zimbabwe appears very promising,” it said.
“Not only does the option include two previously producing gold mines in London Wall and New Jessie — the claims are located on three interpreted major regional gold-bearing geological structures.”
During the 12-month option agreement with Long Strike, potentially extendable to 24 months, Pambili will retain 95 percent of any gross income generated from the claims and mines.
The agreement grants Pambili the unencumbered right to mine and develop the assets.
Pambili chief executive Mr Jon Harris said while historical production data still requires independent verification, the reported figures align with previous production records.
He expressed excitement about the opportunity to confirm the project’s potential.
Pambili said, citing a report by Long Strike’s technical team, gold mineralisation within the intended acquisition claims is controlled by three major regional geological structures.
The structures converge at the 1,3-kilometre-deep Jessie Mine, situated outside the claims area’s southeastern boundary.
During the option agreement term, Pambili is required to conduct extensive due diligence and exploration of the claims.
If the mining group exercises the option, the total acquisition cost for the mines and claims will be US$1 million.
The amount would be mobilised through a combination of cash and Pambili shares.
“The subsequent share purchase agreement will be subject to approval of the Toronto Venture Exchange, and any Pambili shares issued to complete the potential acquisition will be subject to statutory four-month-and-one-day hold,” it said.
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Last year, the country achieved a record-high gold production of 36,5 tonnes, surpassing the annual target by 21,3 percent.
Zimbabwe’s gold exports are poised for significant growth, with projections of US$4 billion in annual revenue starting this year.
The surge is expected to be driven by a combination of factors, including new investments in the gold sub-sector, the reopening of previously closed mines, and expansion projects at existing operations.
Arizona Sonoran Copper Company has announced a strategic private placement valued at C$19.9m ($13.83m) with Hudbay Minerals.
Under this agreement, Hudbay will subscribe for 11,852,064 common shares of Arizona Sonoran at C$1.68 per share.
Hudbay currently holds 2,870,800 shares, representing a 2.12% interest in Arizona Sonoran prior to the private placement.
Post-closing of the placement, Hudbay will own approximately 9.99% of the common shares of Arizona Sonoran.
The funds raised from this private placement will be directed towards drilling, exploration, technical studies and further development of the Cactus copper project in Arizona.
Arizona Sonoran president and CEO George Ogilvie said: “We are pleased and appreciative to welcome this further endorsement of our project and the go-forward plan by the team at Hudbay. It is the company’s objective to develop Cactus to be a significant producer of copper cathodes for direct use by industry in the state of Arizona and the larger US supply chain.
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“We welcome Hudbay, a mid-tier base metal producer with decades of base metal successes in the Americas and a strong existing footprint in Arizona, as a larger and increasingly engaged shareholder, able to lend its experience and expertise as we advance and develop Cactus.”
The Cactus Mine property is located approximately 3 miles (4.8km) north-west of the city of Casa Grande, in Pinal County, Arizona.
The property lies at the historic Sacaton Mine and the total site area is approximately 5,720 acres.
Hudbay president and CEO Peter Kukielski said: “Cactus is an exciting copper development project in Arizona. We see the US as a tier-1 mining jurisdiction and this investment increases our exposure to another high-quality development project in the region as we continue to advance our Copper World project.”
The closing of the private placement is expected to occur on or about 30 January 2025, subject to customary closing conditions.
The issue price represents a 15% premium to the five-day volume weighted average price of Arizona Sonoran’s common shares on the Toronto Stock Exchange as of close of trading on 7 January 2025.
In addition to the initial subscription, Hudbay has agreed to purchase additional common shares to maintain its 9.99% interest in Arizona Sonoran if pre-emptive rights held by other existing shareholders are exercised in relation to the private placement.
Hudbay and Arizona Sonoran will also enter into an investor rights agreement as part of the private placement.
This agreement will grant Hudbay certain customary rights and obligations, provided it maintains specific ownership thresholds in Arizona Sonoran.
(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – January 10, 2025) – Metavista3D Inc. (TSXV: DDD) (FSE: E3T) (“Metavista3D” or the “Company”) Metavista3D continues to be surprised and excited by the burgeoning interest in its technology, opening doors to markets previously unanticipated. During the past two days of CES, Jeff Carlson, CEO of Metavista3D, and director of an innovative leader in contemporary electric display and technology for residential and commercial environments agreed to produce prototype display for the company to review for potential production orders. Details about the about prototype order, and the company will be announced in the next few weeks after receiving technical specifications, and units required of the order.
This global curiosity further validates the relevance and applicability of Metavista3D’s innovations, promising a plethora of opportunities for diversification and growth. The company remains committed to exploring these new avenues, ensuring that its technological advancements meet the evolving demands of an increasingly digitized world.
Jeff Carlson, Metavista3D’s spokesperson, expressed his enthusiasm about the partnership, stating, “This alliance embodies a shared vision for the future of spatial reality. The unexpected interest we’ve received from new markets underscores the transformative potential of our technology. Our goal is to redefine how audiences engage with digital content, taking it beyond the confines of conventional display technologies.”
Metavista3D booth at CES2025, Dr. Rolf-Dieter Naske, CTO (Left) and Jeff Carlson, CEO (Right)
To view an enhanced version of this graphic, please visit:
About CES
CES is the most powerful tech event in the world. This event is where brands get business done and where the industry’s sharpest minds take the stage to unveil their latest groundbreaking innovation. CES is produced by the Consumer Technology Association (CTA)®. For more information, visit .
About Metavista3D ( )
Metavista3D Inc., through its wholly-owned subsidiary, psHolix AG, is at the forefront of developing AI-driven, pseudo-holographic display technologies designed to transform how we interact with spatial content. With over 20 patents and a commitment to innovation, Metavista3D is shaping the future of immersive, glasses-free 3D experiences. For more information, visit .
Metavista3D’s shares are publicly traded and listed in Canada on the TSX-Venture Exchange under the ticker symbol DDD, and on the German Stock Exchange in Frankfurt and others under the ticker symbol E3T. Metavista3D’s ISIN number is CA59142H1073 and German WKN number is A3EG0D.
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Toronto Stock Exchange-listed Pambili Natural Resources Corporation has expressed optimism about its option to acquire the London Wall group of gold mines and claims in Zimbabwe.
By Ryan Chigoche
Last year, the company announced a 12-month agreement with Long Strike Investments to acquire 21 gold assets in Gwanda, Matabeleland South Province.
In its latest update, Pambili, which also owns the Golden Valley Mine in Bulawayo, highlighted that historical success in the region suggests strong potential for the acquisition.
If history is any indicator, Pambili Natural Resources Corporation’s option agreement to acquire the London Wall group of gold mines and claims in Zimbabwe appears highly promising.
The option includes two previously producing gold mines, London Wall and New Jessie, along with claims located along three major regional gold-bearing geological structures.
“Although the historical data has yet to be independently verified, the reported figures align with previous production records, and we are excited to have the opportunity to confirm the potential of this project,” said CEO Jon Harris in a statement.
Gold mineralization within the claims, according to the technical team at Long Strike Investments (Private) Limited, is controlled by three primary regional geological structures, all of which converge at the 1.3-kilometre-deep Jessie Mine, located just outside the southeastern extent of the claims area:
Before Pambili’s agreement, the owners of the Jessie Mine were reportedly mining the London Wall and New Jessie mines under a tribute agreement with previous owners, extracting about 18 tonnes of material per day at commercial grades, according to a statement released by the company.
Under the terms of the option agreement with Long Strike Investments, which lasts for 12 months (extendable to 24 months), Pambili will retain 95% of any gross income generated from the claims and mines. The company also has an unencumbered right to mine and develop the assets.
Additionally, Long Strike has applied for contiguous extensions to the claims, totaling 547.8 hectares, which will complement the 173 hectares included in the original option. Once granted, these extensions will be incorporated into the agreement.
Apart from Golden Valley Mine, Pambili also owns and operates the Happy Valley Mine, another gold operation located 15 km from Bulawayo.
Meanwhile, this development comes at a time when Zimbabwe’s gold exports are poised for significant growth, with projections of US$4 billion in annual revenue starting this year.
The surge is expected to be driven by a combination of factors, including new investments in the gold sub-sector, the reopening of previously closed mines, and expansion projects at existing operations.
Last year, the country achieved a record-high gold production of 36.5 tonnes, surpassing the annual target by 21.3%.
Author of the article:
Published Jan 09, 2025 • 6 minute read
TORONTO — Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the signing of an exchange contract for the sale of 87.5% of the Arcueil property to two parties for €37.5 million ($56.5 million) which reflects, on a pro-rated basis, 100% of the property’s appraised value of €45.0 million ($67.8 million) as set forth in the Q3 unaudited Financial Statements of the REIT.
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The sale is conditional upon the satisfaction of certain conditions including the issuance of a building permit, the receipt of financing by the purchasers as well as other municipal approval and environmental conditions. There is no certainty, nor can the REIT provide any assurance, that these conditions will be satisfied and, as such, there is no assurance that the transaction will be completed, or if completed, will be on the terms set forth herein. Any material difference in the terms of the transaction will be disclosed if and when they occur.
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The expected net proceeds from this transaction after the full repayment of bank debt related to the property is expected to be approximately €6.2 million ($9.3 million) and would be used for capital expenditures relating to the re-positioning and/or re-development of currently owned properties and further reducing the REIT’s indebtedness. The closing of the transaction is only expected to take place at the earliest in the second half of 2026. The remaining 12.5% of the property is being marketed separately.
FORWARD-LOOKING INFORMATION
Certain statements contained, or contained in documents incorporated by reference, may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the REIT’s future outlook and anticipated events or results and may include statements regarding the future financial position, business strategy, budgets, occupancy rates, rental rates, productivity, projected costs, capital investments, development and development opportunities, financial results, taxes, plans and objectives of or involving the REIT. Particularly, statements regarding the REIT’s future results, performance, achievements, prospects, costs, opportunities, and financial outlook, including those relating to the sale of the Arcueil property, acquisition and capital investment strategies and the real estate industry generally, are forward-looking statements. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or the negative thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking statements are based on certain factors and assumptions regarding expected growth, results of operations, performance, and business prospects and opportunities.
Although management believes that the expectations reflected in the forward-looking information are reasonable, no assurance can be given that these expectations will prove to be correct, and since forward-looking information inherently involves risks and uncertainties, undue reliance should not be placed on such information.
Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such forward-looking statements. The estimates and assumptions, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth in this press release as well as the following:
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The REIT cautions that this list of assumptions is not exhaustive. Although the forward-looking statements contained in this press release are based upon assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that actual results will be consistent with these forward-looking statements.
When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not, or the times at or by which, such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements, including, but not limited to:
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If any risks or uncertainties with respect to the above materialize, or if the opinions, estimates or assumptions underlying the forward-looking statements prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. The opinions, estimates or assumptions referred to above and described in greater detail under ‘‘Risks and Uncertainties’’ in the MD&A should be considered carefully by readers. Although management has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other risk factors not presently known or that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements.
Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Certain statements included in press release may be considered a ‘‘financial outlook’’ for purposes of applicable Canadian securities laws, and as such, the financial outlook may not be appropriate for purposes other than this press release. All forward-looking statements are based only on information currently available to the REIT and are made as of the date of this press release. Except as expressly required by applicable Canadian securities law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements in this press release are qualified by these cautionary statements.
About Inovalis REIT
Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.
About Inovalis Group
Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets
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Inovalis Group ( www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250109336423/en/
Contacts
For further information, please contact:
Stephane Amine, President and Chief Executive Officer
Inovalis Real Estate Investment Trust
Tel: +33 1 5643 3315
stephane.amine@inovalis.com
Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust
Tel: +33 1 5643 3313
khalil.hankach@inovalis.com
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(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – January 9, 2025) – Alberto Morales, Executive Chairman and Chief Executive Officer, Andean Precious Metals Corp. (“Andean Precious Metals” or the “Company”) (TSX: APM), and his team joined Dean McPherson, Head, Business Development, Global Mining, Toronto stock exchange (TSX), to open the market to celebrate the Company’s graduation to Toronto Stock Exchange.
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Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer. With a strategic focus on operational excellence and community engagement, the Company is well-positioned for continued success and long-term growth.
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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